Angel Tax Exemption: Investments in Start-ups from 21 Countries Excluded u/s 56(2)(viib) of Income Tax Act 1961.

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....Angle Tax - Investment in start-ups from 21 countries - Provision U/s 56(2)(viib) of IT Act 1961 shall not apply in respect of Exemption from any consideration for issue of shares that exceeds the face value of such shares, the aggregate consideration received for such shares as exceeds the fair market value of the shares - Central Government notif - Notification....